In the VI round agreements were reached on the chapters on Government Procurement, Employment and Dispute Resolution, and the in next round they will define the final document for technical and legal review.
From a statement issued by the Ministry of Economy and Finance in Guatemala:
Not fearing free trade, lowering tariffs and facilitating business development are some of the ingredients the Chilean export model that Central America could follow.
In an interview with Elfinancierocr.com, ProChile's director, Roberto Paiva, explained that one of the main reasons behind the success of his country's foreign trade model is the high degree of trade liberalization.Not only for having reduced tariffs, but also for"... 'having negotiated trade agreements. We have agreements with Europe and much of Asia. We don't yet have Africa.This opening not only lowers tariffs but brings us closer to the market and the business'. "
The Ministry of Finance in Costa Rica has questioned the legality of the triangulated invoicing of goods imported under free trade agreements.
A threat to the legal security of the country is how the business sector describes the questioning on the part of the Ministry of Finance on the procedure used by many companies to invoice in a triangulated manner goods imported under existing trade agreements.The Treasury's concern is that companies can "inflate" the value when triangulating and leave a portion of revenues outside of the country.
Central American coffee will incur 0% tariff in 10 years, while bananas, vegetables and baby vegetables will be shielded from the entry into force of the agreement.
In the fifth round of negotiations which will be held in Seoul from August 8 to 12 it is expected that progress will be made on the definitions for the treatment of 9% of the universe of products that have not yet been analyzed. These products are sugar, beef and pork, plastic and metal.
Asparagus, mandarin oranges, artichokes, grapes, pineapples, mangoes, avocado, quinoa, coffee, Giant Cusco corn, purple corn and limes, will enter Honduras duty-free with immediate effect or within a maximum period of 5 years.
The governments now have to define the date of entry into force of the agreement.In 2015 the South American country exported goods to Honduras worth $40 million.
Opportunities have been identified in the Bolivian market for products such as antitussives, nappy rash creams, central nervous system stimulants, chlorhexidine soap and veterinary products.
From a statement issued by the Ministry of Economy of El Salvador:
Senior leaders of the Salvadoran Pharmaceutical ChemicalIndustry grouped together under Inquifar held a working meeting this afternoon with delegations participating in the Second Round of Negotiations to reach a Partial Scope Agreement between Bolivia and El Salvador.
On August 1 the trade agreement between Colombia and Costa Rica come into effect. The agreement states that 75% of industrial goods will become duty-free immediately, and the other products within 5 to 15 years.
Discussion forums, advertising and meetings with businesses are part of the efforts that the Business Council of the Pacific Alliance intends to do in Costa Rica.
Arguing that lack of information about the benefits of an eventual accession to the trade bloc is the main reason behind the opposition of some companies, members of the Business Council of the Pacific Alliance (CEAP) announced a plan to promote more, and in a better way, the consequences of joining the Alliance.
Sales by Costa Rica to the EU have diversified because of the entry into force of the AACUE, but the value of exports has decreased and the trade balance is less favorable.
It is not only exports under the Association Agreement that have declined, going from $2,034 million in 2013 to $1,786 million in 2015, but the balance of trade surplus has also been decreasing as well.The surplus fell from $705 million in 2013 to $342 million in 2015, according to figures from PROCOMER.
Under the terms of the Partial Scope Trade Agreement bovine and porcine meat from Panama will enter the Caribbean country duty-free.
Panamaamerica.com.pa reports that "...Panama received 51 additional lines in its favor which include dairy products such as cheese, a variety of fresh and frozen seafood, juices made from non-tropical fruits, flowers and foliage, fruit and vegetables, tropical fruits, flour, fat and fish oil, sausages, butter, fats, cocoa oil and salt. "
The Government and the private sector have laid the foundation for a strategy to follow to apply for formal admission to the agreement and to take advantage of, among other things, "country of origin".
The benefit of"country of origin"that can be taken advantage of by the member countries of the Transpacific Agreement allows the use of raw materials originating in another country to be used as if they were their own. This "... will be beneficial not only for the free zones themselves but also for SMEs."We are talking about the expansion of markets, because Nicaragua is coming to countries with which it does not have this free trade scheme" said the president of the Superior Council of Private Enterprise, Jose Adan Aguerri.
While President Solis prepares to attend the summit in Chile without having a definite position, nine private unions have formed a Business Council to promote adhesion to the trade bloc.
The Chamber of Industries of Costa Rica explains that"... this mechanism of coordination of efforts between private sector entities will promote the Pacific Alliance within the business community and maintain an open and continuous dialogue with the Government and with political organizations and representatives of civil society, in order to present and submit recommendations and suggestions for the proper conduct of the process of integration and economic and trade cooperation between Costa Rica and the other countries who are members of the Pacific Alliance. "
ATS El Salvador is a Customs Agency with 26 years of providing services for imports, exports, transits, consultancies and international transport.
Operates in El Salvador
Phone: (503) 2235 6522 - (503) 2235 6524